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Old 04-03-2008, 09:57 AM
Surety Queen Surety Queen is offline
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Join Date: Oct 2007
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Default Contract Bonds

Quote:
Originally Posted by rodr3047
Is it possible to get a performance bond on a contract over 1 million with poor credit but with strong backing from other partners such as a irrevocable letter of credit.

Yes - it is possible. Unfortunately, I don't believe we have any programs to cover this situation. Your best option is to call and speak with the account representative who handles large bonds and see what he suggests. I know there is a company out there who specifically handles performance bonds for people with poor credit - I just don't know their information.
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